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Nera Telecom bags S$13.8m in contracts

Tuesday, March 29, 2016 - 19:05

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NERA Telecommunications announced on Tuesday the group has secured contracts worth a total of S$13.8 million.

NERA Telecommunications announced on Tuesday the group has secured contracts worth a total of S$13.8 million.

It said the deals relate to the supply, delivery, installation and maintenance of IP (Internet Protocol) network equipment for "a leading regional telecom and cellular operator in the Asia-Pacific region".

It added that the contracts are not expected to have a significant impact on the performance of the company and its subsidiaries for the current financial year.

Nera Tel's shares closed Tuesday unchanged at 54 Singapore cents apiece.

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